This XTZ has the potential to double in the next few months
Investigating whether the veteran Altcoin Tezos (XTZ) can recapture its previous all-time high during the current bull run.
In one Video Analyst Guy says Tezos’ built-in adaptability is key to its long-term outlook.
“Tezos is one of the few cryptocurrencies that is explicitly designed to grow and not just survive … Tezos is well on the way to becoming one of the top cryptocurrencies.”
Tezos was first proposed in 2014 and the native token XTZ was introduced in 2018. According to the project’s website, Tezos values both design and governance as keys to success.
“Tezos is an open source platform that removes key barriers to blockchain adoption for assets and applications supported by a global community of validators, researchers and developers. Tezos inherently values the long-term scalability, open participation, collaboration and security of smart contracts. “
Guy noted that the price of XTZ is still undervalued even after three years, especially considering the performance of Bitcoin and Ethereum over the same period.
“XTZ didn’t do well compared to most other cryptocurrencies … only up 10x. Meanwhile, the ICO participants who held BTC and ETH saw a 20x return.
The reason for the reluctance of the XTZ price is primarily that the Tezos Foundation sells coins from initial allocation, from staking and authorization, or both, or rejecting institutional investors despite a few exceptions.
Source: TradingView
The analyst also mentioned a number of key corporate partnerships that drove the price of XTZ up, including with game developer Ubisoft in April last year and Red Bull’s Formula 1 racing team last April, which hit over $ 60 million last year – Dollars raised in grants.
Guy ends his XTZ analysis with a price prediction.
“XTZ’s pricing action is weak, it’s undeniably impressive that its institutional partnership is quite impressive.
These partnerships, as well as the ongoing upgrades from Tezos and new DApps, are creating significant demand for XTZ.
This can be clearly seen in the positive price development since the last bear market. If that momentum continues, I bet XTZ could retest its previous all-time high of $ 10 before the bull market ends. “
At the time of writing, Tezos is down 4.7% to $ 4.11. It started at around $ 4.50 in 2022 and rose as high as $ 5.31 before falling back again on Wednesday.
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This XTZ has the potential to double in the next few months
Investigating whether the veteran Altcoin Tezos (XTZ) can recapture its previous all-time high during the current bull run.
In one Video Analyst Guy says Tezos’ built-in adaptability is key to its long-term outlook.
“Tezos is one of the few cryptocurrencies that is explicitly designed to grow and not just survive … Tezos is well on the way to becoming one of the top cryptocurrencies.”
Tezos was first proposed in 2014 and the native token XTZ was introduced in 2018. According to the project’s website, Tezos values both design and governance as keys to success.
“Tezos is an open source platform that removes key barriers to blockchain adoption for assets and applications supported by a global community of validators, researchers and developers. Tezos inherently values the long-term scalability, open participation, collaboration and security of smart contracts. “
Guy noted that the price of XTZ is still undervalued even after three years, especially considering the performance of Bitcoin and Ethereum over the same period.
“XTZ didn’t do well compared to most other cryptocurrencies … only up 10x. Meanwhile, the ICO participants who held BTC and ETH saw a 20x return.
The reason for the reluctance of the XTZ price is primarily that the Tezos Foundation sells coins from initial allocation, from staking and authorization, or both, or rejecting institutional investors despite a few exceptions.
Source: TradingView
The analyst also mentioned a number of key corporate partnerships that drove the price of XTZ up, including with game developer Ubisoft in April last year and Red Bull’s Formula 1 racing team last April, which hit over $ 60 million last year – Dollars raised in grants.
Guy ends his XTZ analysis with a price prediction.
“XTZ’s pricing action is weak, it’s undeniably impressive that its institutional partnership is quite impressive.
These partnerships, as well as the ongoing upgrades from Tezos and new DApps, are creating significant demand for XTZ.
This can be clearly seen in the positive price development since the last bear market. If that momentum continues, I bet XTZ could retest its previous all-time high of $ 10 before the bull market ends. “
At the time of writing, Tezos is down 4.7% to $ 4.11. It started at around $ 4.50 in 2022 and rose as high as $ 5.31 before falling back again on Wednesday.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
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